Maloofs Have Given til 5PM Friday for Back Up Offer From Sac Group!!

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I like Brick's hypothesis. Let's get this done by next week so that by the time I get my tax refunds I will have toasted our success. Now calm down, be cool.
 
VF21 said:
You don't show your hole cards until after the river card is dealt.

I know what you're saying, I just do not agree it would benefit us to make the offer public. Either way, we only have a week or two at the most (and God I hope it's less) before all our questions are answered once and for all.
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I personally don't think it will be over within a week. We might know what the NBA is planning to do by then BUT there is still this case of Maloofs actually selling to Sacramento group which could drag on for a little while because Maloofs are not about to make this an easy transaction. in perfect world, NBA says they are unlikely to support the sale/relocation request, Hansen pulls out of the deal and Maloofs sell to Vivek's group and it's all over and done it pretty quickly.

In reality, this won't be over for well after April 19. There might be intent for the team to stay in Sacramento but I am not counting my chicken before the Maloofs make it official and are officially out of the NBA. Only then can we breathe a sigh of relief. Until then, don't get your hopes up that this will be an easy transaction.
 
Čarolija said:
I personally don't think it will be over within a week. We might know what the NBA is planning to do by then BUT there is still this case of Maloofs actually selling to Sacramento group which could drag on for a little while because Maloofs are not about to make this an easy transaction. in perfect world, NBA says they are unlikely to support the sale/relocation request, Hansen pulls out of the deal and Maloofs sell to Vivek's group and it's all over and done it pretty quickly.

In reality, this won't be over for well after April 19. There might be intent for the team to stay in Sacramento but I am not counting my chicken before the Maloofs make it official and are officially out of the NBA. Only then can we breathe a sigh of relief. Until then, don't get your hopes up that this will be an easy transaction.
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I don't disagree with anything you've said but there are hard deadlines that will be impacted. Adam Silver mentioned as much after the presentations when Stern warned it might stretch past April 19. Silver said that it couldn't stretch out too long because of schedule preparation for the 2013-2014 season.
 
Bricklayer said:
Perhaps, but another way to interpret this is it is precisely Stern and the BOG behind it.

In other words, the BOG doesn't want to tell a sitting owner who they can and can't sell to, not officially. But in this case they are telling the Maloofs they damn well might. So what does the NBA do? They talk to Seattle about the expansion option, ask them if they back out of their deal with the Maloofs will they accept expansion as an alternative? Then the NBA goes to the Maloof and tells them, not asks, TELLS them, contact Sacto if you want your money. If Sacto matches Hansen, then bring it to the BOG, and we'll approve it and you'll have your pound of flesh, and good riddance. If it happens, Hansen abruptly pulls out of the offer, the Maloofs then switch over and accept Sacto's offer. And then all the BOG has to do is accept the sale without ever officially voting against the Maloofs sale to Hansen. Hence, no precedent they don't like, but they still get the right result.
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Very plausible. Given that Chris Daniels was hinting at some issues between some of the owners and Stern, I don't think it's votes about Hansen's offer. I think the issue lies on the expansion question between Stern and some owners. This would be the point in time where they have confirmed both cities offers are solid. Now it's about getting enough votes from owners on expansion. No need to spend more time checking up on Hansen and the Sac group. They know pretty well what they have there.

Probably was Hansen's primary objective to begin with in going after the Kings. Either way he comes out with a team. Might also explain they Stern said it might take some time to get this sorted out.
 
Bricklayer said:
Perhaps, but another way to interpret this is it is precisely Stern and the BOG behind it.

In other words, the BOG doesn't want to tell a sitting owner who they can and can't sell to, not officially. But in this case they are telling the Maloofs they damn well might. So what does the NBA do? They talk to Seattle about the expansion option, ask them if they back out of their deal with the Maloofs will they accept expansion as an alternative? Then the NBA goes to the Maloof and tells them, not asks, TELLS them, contact Sacto if you want your money. If Sacto matches Hansen, then bring it to the BOG, and we'll approve it and you'll have your pound of flesh, and good riddance. If it happens, Hansen abruptly pulls out of the offer, the Maloofs then switch over and accept Sacto's offer. And then all the BOG has to do is accept the sale without ever officially voting against the Maloofs sale to Hansen. Hence, no precedent they don't like, but they still get the right result.
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It isn't like that at all though. Both offers pocket the Maloofs the same amount of $. That's all the Maloofs care about. It would be different if there wasn't another deal out there or the other offer was waaaay below the other. The owners are voting on where the Kings will play.
 
God. What makes me so sick is the Maloofs are still going to walk away with a big paycheck after all they've done to screw over Sacramento. I can't believe they're trying to gain leverage from Sacramento.
 
The_Jamal said:
God. What makes me so sick is the Maloofs are still going to walk away with a big paycheck after all they've done to screw over Sacramento. I can't believe they're trying to gain leverage from Sacramento.
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Maybe I am in the minority, but as long as we keep our team, I absolutely don't care what happens with the Maloofs.

We know how terrible they are at managing money anyways...
 
The_Jamal said:
God. What makes me so sick is the Maloofs are still going to walk away with a big paycheck after all they've done to screw over Sacramento. I can't believe they're trying to gain leverage from Sacramento.
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Maloofs have nothing left. You would probably do the same to a city that has (deservedly) vilified you. This is their last payout, and they are going to make it count. At least they'll be gone after all this.
 
Brac-o-matic said:
Maybe I am in the minority, but as long as we keep our team, I absolutely don't care what happens with the Maloofs.

We know how terrible they are at managing money anyways...
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Agree with this! Regardless of how much they get, they will still manage to blow it all up pretty quickly! They will be flipping burgers before you know it.
 
The_Jamal said:
God. What makes me so sick is the Maloofs are still going to walk away with a big paycheck after all they've done to screw over Sacramento. I can't believe they're trying to gain leverage from Sacramento.
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I'm sure George has it spent already and will be gone in a year.
 
LWP777 said:
What's a google alarm?
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assuming this is a real question and not a slam for my using the wrong word, a google alert is this. basically alerts you to news concerning whatever configuration of search terms you want to be kept up-to-date of. can be used to keep track of people/companies/news items/whathaveyou.
 
jalfa said:
assuming this is a real question and not a slam for my using the wrong word, a google alert is this. basically alerts you to news concerning whatever configuration of search terms you want to be kept up-to-date of. can be used to keep track of people/companies/news items/whathaveyou.
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Thank you. No it wasn't a slam. I didn't know what a google alert was either. Had no idea you could do that. Pretty cool.
 
LWP777 said:
What's a google alarm?
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Yeah, jalfa probably neant Google Alert. But Google Alarm is just what it says. It's an alarm from Google. What makes it special is that since Google is everywhere it can find you wake you up no matter where you are. On the couch taking a nap? The TV turns on and wakes you up. Fall asleep studying at your desk? Your computer starts beeping at you. Nod off while on the toilet? Google flushes for you as a courtesy and an alarm. It's pretty amazing.
 
uolj said:
Yeah, jalfa probably neant Google Alert. But Google Alarm is just what it says. It's an alarm from Google. What makes it special is that since Google is everywhere it can find you wake you up no matter where you are. On the couch taking a nap? The TV turns on and wakes you up. Fall asleep studying at your desk? Your computer starts beeping at you. Nod off while on the toilet? Google flushes for you as a courtesy and an alarm. It's pretty amazing.
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Ha! Don't need Google for that. My kids running around the house do a good job waking me up with all those things you mentioned.
 
In other news:

Dale Kasler via Twitter said:
@dakasler: Sports Biz Daily says NBA asked Sac bidders for #NBAKings to cover Hansen's $30M downpayment if Sac wins.
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This is unconfirmed. If it's true it's another indication that the Sac bid has a good shot of winning.

I don't know exactly what to make of it otherwise, though. If Hansen was dumb enough to give a non-refundable fee, why should Sac have to pay him back.

Then again, that could be the difference between the offers and the NBA thinks that Sac covering that fee makes them truly equivalent.
 
Bricklayer said:
Perhaps, but another way to interpret this is it is precisely Stern and the BOG behind it.

In other words, the BOG doesn't want to tell a sitting owner who they can and can't sell to, not officially. But in this case they are telling the Maloofs they damn well might. So what does the NBA do? They talk to Seattle about the expansion option, ask them if they back out of their deal with the Maloofs will they accept expansion as an alternative? Then the NBA goes to the Maloof and tells them, not asks, TELLS them, contact Sacto if you want your money. If Sacto matches Hansen, then bring it to the BOG, and we'll approve it and you'll have your pound of flesh, and good riddance. If it happens, Hansen abruptly pulls out of the offer, the Maloofs then switch over and accept Sacto's offer. And then all the BOG has to do is accept the sale without ever officially voting against the Maloofs sale to Hansen. Hence, no precedent they don't like, but they still get the right result.
Click to expand...

I'm leaning toward this interpretation. This may not come to a vote. Hansen backs out. Maloofs accept Vivek's offer. The end.

But the part that bothers me on this is the Friday deadline. What's the point of that? Is this just last minute chest thumping? If an offer comes in 24 hours prior to the BOG, that seems like plenty of time to me. It's not going to be advanced physics to run through the numbers on this. I can't help but smell a rat in all this. With the Maloofs, it's hard to know if you are dealing with the stupid Maloofs or the dishonest Maloofs, or a combination of both.
 
uolj said:
In other news:



This is unconfirmed. If it's true it's another indication that the Sac bid has a good shot of winning.

I don't know exactly what to make of it otherwise, though. If Hansen was dumb enough to give a non-refundable fee, why should Sac have to pay him back.

Then again, that could be the difference between the offers and the NBA thinks that Sac covering that fee makes them truly equivalent.
Click to expand...
That would make sense if the reports that the Sac offer was intentionally 30 mil short because they assumed the Maloofs would/could keep the 30 mil from Hansen. This makes more sense if the NBA is persuading Hansen to drop the offer, and the BM to take the Sac offer.

Kingster: The deadline may be about wanting this done and settled BEFORE the Kings last home game. If the League is going to keep the team in Sacramento the last thing they want or need is another debacle (from their perspective) like the last game 2 years ago when fans filled the court, the on air announcers cried and fans were left hanging. I know there are other timetables in play that may not accommodate the season here, but if what Stern sees IS the Kings staying as an inevitability, then having the season end on a high note is the BEST thing the league can do for the the new owners and the PR it creates in Sac might overshoe the doom and gloom up in rain town.
 
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uolj said:
In other news:



This is unconfirmed. If it's true it's another indication that the Sac bid has a good shot of winning.

I don't know exactly what to make of it otherwise, though. If Hansen was dumb enough to give a non-refundable fee, why should Sac have to pay him back.

Then again, that could be the difference between the offers and the NBA thinks that Sac covering that fee makes them truly equivalent.
Click to expand...

Sure, have the Sac team match Seattle's offer MINUS $30M, the Clowns can keep Hansen's deposit, the Sac team makes Hansen whole by giving him the $30M they didn't give the Clowns... sure, why not? Like someone else said, maybe the rumors that Sac's offer was $30M less than Seattle are true, and that's the reason? NBA may be telling Hansen "back out, get your money back, let Sac keep their team and we'll hook you up". Everybody wins.
 
I wonder how Hansen/Balmer fell about this latest news? It cannot give them an easy feeling. Well gentlemen - welcome to negotiating with the Maloofs.
 
kupman said:
I wonder how Hansen/Balmer fell about this latest news? It cannot give them an easy feeling. Well gentlemen - welcome to negotiating with the Maloofs.
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Who knows what they expected, but I find it hard to believe guys of their caliber got into bed with the Maloofs with out doing their homework. I suspect Hansen and Balmer were never all that confident that THIS deal would go down. It was unprecedented in many ways and they had to know Sac would fight back. However, by making a above the top offer, getting an arena deal in place they upped their odd and maybe more importantly sent the NBA (and the individual owners) a clear signal that they were serious, they wanted a team, could make it happen and had a big bag of cash. So when another opportunity come in the next few years they cut to the front of the line. Of course the Maloofs loved it beceause it allowed them to strong arm local buyers and leverage out at least an extra 50-100 million.
 
HndsmCelt said:
That would make sense if the reports that the Sac offer was intentionally 30 mil short because they assumed the Maloofs would/could keep the 30 mil from Hansen. This makes more sense if the NBA is persuading Hansen to drop the offer, and the BM to take the Sac offer.

Kingster: The deadline may be about wanting this done and settled BEFORE the Kings last home game. If the League is going to keep the team in Sacramento the last thing they want or need is another debacle (from their perspective) like the last game 2 years ago when fans filled the court, the on air announcers cried and fans were left hanging. I know there are other timetables in play that may not accommodate the season here, but if what Stern sees IS the Kings staying as an inevitability, then having the season end on a high note is the BEST thing the league can do for the the new owners and the PR it creates in Sac might overshoe the doom and gloom up in rain town.
Click to expand...

That's a very interesting interpretation. It makes a lot of sense and I sure hope it happens that way. It does imply though that the NBA was aware of this latest ultimatum ahead of time and maybe even behind it because they thought it best for the PR of the league. Correct me if I'm wrong, but I haven't heard that the NBA knew anything about this ultimatum. If they didn't know about the ultimatum ahead of time, then I lean to the idea that this is the last desperate attempt by the Maloofs to have some control over a process in which they are mere spectators.

It seems like this is another terrible PR move by the Maloofs because of this element of ultimatum in their recent demand. If they left the ultimatum out of it, kept it low key, asked to get the back-up offer in time for the last game for reasons that you describe, then they come out of this looking much better. As it is, they still look like whiny children throwing the tantrum at the very end when they can't get their way.
 
Kingster said:
That's a very interesting interpretation. It makes a lot of sense and I sure hope it happens that way. It does imply though that the NBA was aware of this latest ultimatum ahead of time and maybe even behind it because they thought it best for the PR of the league. Correct me if I'm wrong, but I haven't heard that the NBA knew anything about this ultimatum. If they didn't know about the ultimatum ahead of time, then I lean to the idea that this is the last desperate attempt by the Maloofs to have some control over a process in which they are mere spectators.

It seems like this is another terrible PR move by the Maloofs because of this element of ultimatum in their recent demand. If they left the ultimatum out of it, kept it low key, asked to get the back-up offer in time for the last game for reasons that you describe, then they come out of this looking much better. As it is, they still look like whiny children throwing the tantrum at the very end when they can't get their way.
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Today's sports business publications are reporting the NBA is behind this and that the NBA has asked for completed offers by Friday including the 30 mil. Here is one of the links again. http://m.sportsbusinessdaily.com/Daily/Morning-Buzz/2013/04/11/NBA-Kings.aspx
 
My feeling Stern (NBA) wants this:

Kings to stay in Sac with new ownership/arena.
Seattle to get a team within 1-2 years with a great ownership group.

The NBA probably has a short list of current NBA owners that have their hands up for the $525 valuation, so they are not worried about not awarding the Kings to Seattle. In a strange way, the Maloof's may make the NBA a stronger business by their antics.
 
kupman said:
I wonder how Hansen/Balmer fell about this latest news? It cannot give them an easy feeling. Well gentlemen - welcome to negotiating with the Maloofs.
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As mentioned, I expect they know and were even consulted to see how they would react to an expansion/alternate offer.

And hence the NBA wanting us to pay back their $30mil so that they don't balk at the bitter pill and cause trouble.
 
Hallama said:
The NBA probably has a short list of current NBA owners that have their hands up for the $525 valuation,
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That would be unfortunate. Just kicking this nightmare down the road to dump on another fanbase. I've said before and will say again this will never truly end until the league sucks it up and expands. They already did "expand", they just didn't realize what they were doing when they created OKC as an NBA market. From that day forward there have been 31 NBA markets and only 30 teams. The extra market capacity means that teams are always going to be in danger of being pillaged by whichever NBA market doesn't currently have one, and that will go on and on until you finally match the number of teams to the number of NBA markets. Proven NBA markets I should say to distinguish this from the Virginia Beach situation.
 
Bricklayer said:
That would be unfortunate. Just kicking this nightmare down the road to dump on another fanbase.
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My guess is there are a couple NBA franchises that aren't viable in the long run and the NBA would be fully behind moving. Unfortunate, yes to their fans, but I doubt there aren't too many other teams/cities that would do what Sacramento just did to keep the team.
 
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